FT: Arsenal 3 - 2 Corinthians - Smith gives Arsenal lead, Zanotti levels for Corinthians, Wubben-Moy scores second for Arsenal, Albuquerque equalises from spot for Corinthians sending game to extra time, Foord scores third for Arsenal
The inaugural Women's Champions Cup winners will earn $2.3m (£1.7m), runners-up will earn $1m (£735,000)
All you need to know about the final
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FT: Arsenal 3-2 Corinthians
That's all from us - we hope you enjoyed that Fifa Women's Champions Cup final, because we certainly did.
Arsenal win their second trophy under Renee Slegers, overcoming stubborn resistance from Corinthians to become intercontinental champions.
To relive the drama, make sure you read Adwaidh Rajan's match report.
Good night!
Image source, Getty ImagesFT: Arsenal 3-2 Corinthians
Rosella Ayane
Leicester City and Morocco striker on Sky Sports
You could tell by the way Arsenal played that they really wanted to win this trophy.
Now they look ecstatic!
FT: Arsenal 3-2 Corinthians
Kim Little and Leah Williamson lift the trophy, and Arsenal are intercontinental champions!
FT: Arsenal 3-2 Corinthians
Daphne van Domselaar is wearing Anneke Borbe's shirt as she receives her medal. That's a touching gesture towards her fellow goalkeeper.
FT: Arsenal 3-2 Corinthians
Here come the Arsenal players.
Here's the trophy Kim Little is about to lift.
Image source, Getty ImagesFT: Arsenal 3-2 Corinthians
Arsenal manager Renee Slegers: "I think we have really good control in the first half. They are low, we played them low. We can't find the big opportunities. In the second half, it asked so much from us.
"Corinthians had a great performance, they gave so much energy, intensity, passion, intelligence. The penalty - after that we need to manage the game and it goes to extra-time.
"It's football in all its ways today. There's good football, duelling, momentum shifts. I'm proud of the team in the rain, in the circumstances, we get over the line and find a way to win this game."
On the penalty: "I haven't seen the video back. I have to accept the referee's decision and move on. It was about the first 15 minutes of extra-time - we had to go. We wanted to be brave with our positions and dynamic. And the second half, we needed to protect it which the players did really well."
FT: Arsenal 3-2 Corinthians
The Corinthians players are receiving their silver medals.
Understandably, they don't look too happy, but they'll come to look back at this as a great achievement.
Few expected them to reach the final, never mind push Arsenal all the way.
FT: Arsenal 3-2 Corinthians
Arsenal captain Kim Little: "It's great to get the win. We showed incredible character and resilience to lose the goal right at the end and come back in extra-time. The girls did great.
"For us, these things happen in football. You have to bounce back. When we came out in extra-time we showed that, we created chances, and Caitlin [Foord] scored a great goal to get the win.
"We've got an incredible squad of players and staff. Credit to everyone for putting in a performance on Wednesday and today to get the win and it feels great to get more silverware for this club.
"It's obviously a unique experience, it being the first Champions Cup. We'll take a lot from winning today and getting a trophy."
FT: Arsenal 3-2 Corinthians
Gotham FC have been brought onto the stage to receive their bronze medals.
The NWSL outfit defeated FAR Rabat 4-0 in the third-place play-off earlier today.
FT: Arsenal 3-2 Corinthians
Image source, Getty ImagesThe trophy presentation is underway, and former Arsenal men's manager Arsene Wenger is involved.
He presents Frida Maanum with the player of the tournament award.
Fifa president Gianni Infantino is on stage as well.
FT: Arsenal 3-2 Corinthians
Arsenal's Lotte Wubben-Moy speaking to Sky Sports: "Who would be a goalkeeper? It takes so much bravery to do that in the dying minutes and she arguably saved us the game. Everyone knows that health comes first and we'll be going in to see her [Anneke Borbe] before we celebrate to see she's okay. A trooper.
"It's not often that at Arsenal you can write history because history has been written so many times. We stand on the shoulders of giants. To come to this inaugural competition and win it and do it with all of our fans here in style - our fans are wonderful and that's who we do it for."
On the Corinthians fans: "Magnificent. There's a big Brazilian community in London. They showed up today. That's what this tournament is about - bringing people together. They're the top competition and that's what we saw today.
"To win the first silverware this year is a big leap forward. We want more. Stick with us. 2026 has more to come."
FT: Arsenal 3-2 Corinthians
Image source, Getty ImagesA moment for Corinthians, who after a draining semi-final earlier this week fought to the bitter end and didn't know when they were beaten.
Some of their players only arrived in the UK on Tuesday - the day before the semi-final against Gotham - because of visa issues.
And how about their fans?
London's Brazilian community came out in force tonight.
The club from Sao Paulo has its roots in London - in 1910 a group of railway workers were inspired by Corinthian Casuals of London, and formed their own team in Brazil.
That bond remains strong.
FT: Arsenal 3-2 Corinthians
Rosella Ayane
Leicester City and Morocco striker on Sky Sports
It's never nice to see one of your players get stretchered off the pitch. In the last minutes, it's hard for the players. It will dampen the celebrations for Arsenal.
FT: Arsenal 3-2 Corinthians
Rosella Ayane
Leicester City and Morocco striker on Sky Sports
It was resilience [from Arsenal]. You expect that from these players. They've been in plenty of finals and situations where they need to stand up and that's what they did.
FT: Arsenal 3-2 Corinthians
Image source, Getty ImagesAs well as adding a brand new trophy to the cabinet, Arsenal claim the winners prize of £1.7 million.
Corinthians take home £735,000, which could have a transformative impact on the club.
Their players aren't thinking about money right now though - they are devastated.
FT: Arsenal 3-2 Corinthians
Arsenal become the inaugural winners of the Fifa Champions Cup, but it was far from straightforward for the Champions League holders.
Renee Slegers has only been Arsenal boss for 18 months, but she has now delivered two pieces of silverware.
Arsenal 3-2 Corinthians
Image source, Getty ImagesArsenal have done it, they are world champions!
Arsenal 3-2 Corinthians
Anneke Borbe leaves the field on a stretcher to a standing ovation.
Daphne van Domselaar replaces her for the final seconds of this match.
Because Arsenal had already made all of their permitted substitutes, they are allowed to make a concussion substitution.
In turn, Corinthians are allowed to make another change. They bring on Ariel Godoi.
Arsenal 3-2 Corinthians
Anneke Borbe remains on the ground as her team-mates watch on.
This is such a sad way for the goalkeeper's final to come to an end.
Arsenal 3-2 Corinthians
Arsenal goalkeeper Anneke Borbe is not in a good way. The medical team have brought a stretcher onto the pitch.
Australia international Caitlin Foord has been with Arsenal since 2020
At a glance
Gabi Zanotti cancels out Olivia Smith's early goal for Arsenal
Lotte Wubben-Moy then restores Arsenal lead
But Vic Albuquerque's 96th-minute penalty forces extra-time
Caitlin Foord strikes extra-time winner as Arsenal emerge champions
Arsenal emerged as winners of the inaugural Women's Champions Cup by edging Brazil's Corinthians after extra time in a rain-soaked final at Emirates Stadium.
The Gunners were seconds away from a 2-1 victory in regulation time but Vic Albuquerque converted a 96th-minute penalty as the South American champions took the game into the additional half hour.
But substitute Caitlin Foord struck the winner in the 104th minute after beating goalkeeper Lele at her near post to break the Corinthians hearts.
As the first-ever champions of the new Fifa tournament featuring champions from every continent, the Gunners will also bank a cash prize of $2.3m (£1.7m).
But the game ended on a worrying note as Arsenal goalkeeper Anneke Borbe was carried off the pitch on a stretcher after clashing with team-mate Lotte Wubben-Moy in the closing moments of extra-time.
A large contingent of Corinthians supporters were at full volume in north London, unhindered by the Gunners racing into an early lead.
Stina Blackstenius latched on to a disastrous back pass from Leticia Teles but was denied by Lele only for Olivia Smith to follow up on the rebound to make it 1-0 in the 15th minute.
But the Brazilian champions gave their fans an immediate lift with a spirited response as parity was restored six minutes later when 40-year-old captain Gabi Zanotti's header from a corner skimmed off Steph Catley and into to the goal.
The home side were frustrated by Corinthians for the remainder of the first half but they were back in front in the 58th minute as Wubben-Moy planted a looping header from Emily Fox's cross in the goal.
That looked like the winner for the European champions until Katie McCabe made contact with Gisela Robledo in the box deep into stoppage time and referee Katia Itzel Garcia awarded Corinthians the penalty from which they restored parity.
Arsenal, though, would have the final say as Frida Maanum stole possession in the Corinthians half and fed Foord, whose low drive crept in at the near post to secure the brand new trophy for the Women's Super League (WSL) side.
Meanwhile, NWSL's Gotham FC secured third place with a 4-0 win against AS FAR Rabat of Morocco earlier in the day.
The North American champions, featuring America legend Rose Lavelle, England defender Jess Carter and former Chelsea goalkeeper Ann-Katrin Berger, had suffered a shock 1-0 defeat by Corinthians in the semi-finals.
'Not often you can write Arsenal history' - Gunners win Champions Cup
Olivia Smith, who joined Arsenal from Liverpool in a £1m move last July, scored the opener in the final
Renee Slegers and Arsenal have added an international title to the Champions League trophy they secured last May.
But the route to the Champions Cup glory was far from straightforward in front of a 25,031-strong crowd at the Emirates.
Though the WSL side asserted their dominance from the start, Corinthians were happy to sit back and use the pace of their attackers including Belen Aquino and Jhonson to hurt the hosts on the break.
Despite conceding early, they remained committed to the plan and were rewarded with the equaliser - moments after Arsenal keeper Borbe had tipped Duda Sampaio's fierce strike from the edge of the box on to the crossbar.
Arsenal had more than 75% possession in the first half and attempted 12 shots but Beth Mead and Alessia Russo failed to make keeper Lele work despite finding themselves in promising positions.
And with time passing and a breakthrough eluding them, there was a clear sense of impatience creeping into the home side's play before they restored the lead through Wubben-Moy.
Corinthians thought they were back level when Brazil international Duda played Jhonson through on goal but Borbe was at hand to save the home side - dashing off the line to deny the substitute.
But the Brazilians never gave up and were rewarded for their persistence in the injury time when the referee, after an inspection on the pitchside monitor, deemed McCabe's challenge serious enough to award a penalty.
Borbe proved her worth again as she came to her side's rescue once more at the start of extra-time, making a fingertip save to keep out Albuquerque's header and Slegers will hope the injury to the keeper is nothing serious.
But after being pushed to the brink by Corinthians and their passionate supporters, the triumph will feel all the more significant for Arsenal, who have stumbled in both the WSL and the League Cup this season.
Arsenal will return to Women's Super League action next week as they take on leaders Mancheser City at the Emirates Stadium on Sunday, 8 February (12:00 GMT).
Meanwhile, there is more silverware on the line for Corinthians as the Brazilian champions return to Sao Paulo to begin their domestic season, facing cup winners Palmeiras in the Supercopa Feminina on Saturday, 7 February (19:00).
After the opportunity to rate players has closed, the score displayed represents the average from all the submissions by BBC Sport users.
Manager: Renee Slegers
Formation: 4 - 2 - 3 - 1
Manager: Lucas Piccinato
Formation: 4 - 1 - 4 - 1
Manager: Renee Slegers
Formation: 4 - 2 - 3 - 1
Manager: Lucas Piccinato
Formation: 4 - 1 - 4 - 1
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